Just simple analysis combined with the meeting on Wednesday, its looking for support lets see where we land.
It's interesting that the VIX hasn't really increased all that much but the SPY is back into a zone he VIX had spiked before. Could be last change to buy puts before a much bigger flush lower!!
Hit our target zone today as spy continued to drop. Nice bounce from here but not much follow through. We have retraced back through 50% of last month's candle. This usually means we can print an outside month. This Puts SPY target at $448.92.
SPY closed below an important trendline on the daily chart. This trendline has been supporting the bull run since March 2020. This could of course be a fake out, but given the macro headwinds, I believe that this could be the first sign of a *potentially* major breakdown.
SPY bouncing between the 50D above and the 100D below. Will most likely stay that way this week. Safer players will wait until $460 or $64.72 trades to make a decision on what to play. Playing in the middle won't net much gain for SPY players. If you play SPX or ES_F you can play the middle IMO.
The S&P is at overextended levels, and will be unable to sustain these prices. Looking for a considerable multi month correction.
Once again, SPY got rejected at the critical resistance and is going down. Every time it rejected this level previously, it went down at least -0.9% and at most -4.5%. I am expecting it to go down to either 460 or even 456-458 in the next two days. Tomorrow, it might close around 460 and then it might gap down on Tuesday and then we see the recovery either that...
took a short position at the beginning of the week thinking that it all the news would be potentially bearish. but then the pattern did this. and silly me didnt get out until it was too late i really hope this doesn't go structure to structure. any thoughts would help. Apple also moves like the spy so. I'm scared nothing can stop spy or apple
Keeping an eye to see if we bounce at the top of the red channel and retest the bottom of it, or if we we break the trend and test the next resistance levels. You can see in the green channel, bigger picture we filled the gap to the downside so I’m looking for confirmation on continuation but there is a lot of bearish divergence I’m seeing with this one. I am newb tho
If price does not hold the box then as per my analysis and calculations and on Monday if I do see my favorite candles burning then $458 coming for sure. Not bullish as if price even holds and goes up we have magnetic resistances at $470 & $472. BEARISH
Hi folks! There is a saying that you cannot T.A. the VIX - as it is not directly tradeable and is derived from a complex computation based on short term options premiums of the S&P500. However, the VIX also is an estimate of the expected short term volatility in the market (i.e. in the next 30 days), and by definition should be significantly correlated with...
I think its fake break out in lower time frame , good place for entry..
$SPY continuing its last rally of the year. but starts to show its weakness in smaller time frame chart. the weakness can be visibly shows in smaller time frames showing the momentum of SPY start to curl down and volume of buyers starts to slowdown. respectably, although the it start to show some weaknesses doesn't mean its going to pull back. the stock is...
Esperando Noticias Nuevas Del Ómicron Y Alguna Conferencia De Prensa Para Informar Nuevas Medidas En Donde Pudiera Estar Afectando La Economía. Así Ayude A Regular Los Futuros Que Están Cerrando El Año A Máximos Históricos Y Con Un Aproximado 30% De Rentabilidad En El Ytd.
Spy broke down to test weekly, daily support, naturally, it held the day very well but I'm still bearish on this level getting broken and will be buying puts shortly.
Come back to this post in a week when the market is literally gone 0 zip zilch, mark my words or mock me in 1 week to a month, the tank is coming.
Trade breakdown: 1. Short at pullback around $466 with stop loss above $469. 2. PT @ $454. Good luck!